The Record of All Payments Received from Foreign Countries and All

question 240

Multiple Choice

The record of all payments received from foreign countries and all payments made to them is called the

• A) capital account.
• B) trade balance.
• C) balance of payments.
• D) current account.

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Definitions:

Noncash Investing

Investment activities that do not involve immediate cash transactions, such as acquiring assets through exchange or issuing stock for assets.

Cash Dividend

A cash distribution of earnings by a corporation to its shareholders.

Note Payable

Note payable is a written promise to pay a specified amount of money, often with interest, by a certain date, serving as a formal loan agreement between a borrower and a lender.

Factory Equipment

Durable goods or machinery used in manufacturing processes, typically involving production or maintenance tasks.